Shiba Inu, a meme token lacking real-world utility, has struggled to gain traction like other cryptocurrencies. However, the launch of Shibarium in 2023, a Layer-2 solution on Ethereum, aims to reduce congestion and transaction costs. Despite an initial supply of nearly 1 quadrillion tokens, significant burning mechanisms have reduced the circulating supply to 589.5 trillion. While Shibarium has improved legitimacy, it may take years to see a meaningful impact on supply and demand dynamics. Investors should exercise caution with Shiba Inu due to its speculative nature and high risk profile.

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